In this article we will look at three reasons why it’s important to the company’s bottom line to implement employee recognition and gift giving throughout the year.
Why is employee appreciation and recognition important?
Look around your office. Look at the faces of your staff. Are they focused? Are they happy to be there? Their faces and demeanor say a lot about their morale. And happy people are productive people. The goal for any employer or manager is employee retention. After all, you’ve spent a considerable amount of time and money in developing that individual.
Showing appreciation for your employees is essential in creating a culture of mutual respect and maintaining morale. Employee recognition and gift giving at any time of the year – birthdays, work anniversaries, promotions, corporate holiday gifts – are gestures that create a healthy work force. Employers today want to ensure they pick the best gifts for their staff. Something they will enjoy and remember.
Here are three reasons why employee recognition and gift giving are important for business:
According to SHRM (the Society for Human Resources Management) the average cost-per-hire for companies is $4,129 and the average time to fill an open position is 42 days. High employee turnover hurts the company’s bottom line. It can also affect the rest of the staff with an increased workload until the position is re-filled. Recognition and gift giving to your employees is a tangible way to express thanks for their hard work. By doing so, you will create a culture that rewards commitment to the company and its values and goals, and demonstrates the company values employee performance and dedication.
Improve job morale
It cannot be overstated. Happy people are productive people. Verbally expressing gratitude is critical to letting your employees know that you appreciate them and the job they do. A compliment for a job well done is always appreciated. Asking for input will also demonstrate your respect for the value they add to the team. In addition, a gift shows that you took the time and effort to pick something out. In turn, it stands to reason your employees will be committed to their jobs with a higher degree of loyalty. A corporate holiday gift or thank you gift at any time of year is a simple way of increasing employee loyalty benefiting both the employee and the company. The classic win-win.
Enhance the company’s appeal
Pick up any business publication, click on any business web post or blog and you’ll likely see the newest list of “Best Places to Work.” What makes these companies stand out is they make investments in their staff. They ensure their employees feel valued, create a culture with a clear mission and shared goals and objectives, and strive to create a foundation of working with other smart, great people. Competitive salaries, benefits, opportunities for advancement and company transparency are also essential to a productive, happy work force. The objective for any business is to attract and maintain talent. Employee recognition and gift giving are simple ways to create a positive atmosphere, show appreciation and invest in your staff.
That’s all great advise but…
Any size business can achieve a great place to work whether or not they make “the list.” Even small changes can positively impact the atmosphere at work, increase morale, promote employee retention and create positive company buzz. Create opportunities for your staff to come together. Put together special awards to give at your corporate event, party or staff meeting to thank employees for their special efforts throughout the year. My Popcorn Kitchen has a variety of the best gifts for rewarding your staff such as a popcorn bar or individual Mini bags of popcorn. It’s a fun and economical way to show how much you appreciate them.
Have an idea for an employee appreciation event or want additional information? Please click on this link to fill out our Corporate Gifts form. Give us a few details and let us provide a complimentary quote.